GREY:CHALF - Post by User
Post by
Heywood_Silverson Jun 23, 2022 7:35pm
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Post# 34778906
questions regarding recent trading halt
questions regarding recent trading haltIIROC enacted a trading halt due to Chalice not meeting the deadline to file their annual audited financials, correct? So, the resolution to the trading halt would be for Chalice to file.
I understand that there have been some serious delays with the filing, but is it not possible that they just have a very poor, disorganized auditor as alluded to in Chalice's recent press release related to the delays?
What is the worst possible outcome with regards to the pending audit? That would be if the auditor issues an adverse opinion on the financials, which could be indicitive of fraud. I don't believe that is what most investors are necessarily worried about. Gamesmanship with insider activities and debt and such maybe, but fraud?
Let's not forget that although the financials are delayed, sales and the day-to-day activities of Chalice continue regardless. I understand the frustration of shareholders with the month plus of a trading halt, but some posters claims that the stock is effectively worth $0 seem to be a bit of hyperbole.